GM Target definition

GM Target means the minimum GM mutually agreed upon by the Parties from time to time. The GM Target shall initially be mutually agreed upon by the Parties at least six months prior to the anticipated date of Product Approval.
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Examples of GM Target in a sentence

  • Evan▇ ▇▇▇ OraVax agree to share the GM [**] except in the case that the GM achieved on sales of Product is less than the GM Target in force at the date payment is due from OraVax to Evan▇ ▇▇ which case OraVax shall retain [**] of the GM calculated in accordance with Section 5.2 and the balance shall be remitted to Evan▇ ▇▇▇vided that the amount remitted to Evan▇ ▇▇▇ll in no event be less than Evan▇ ▇▇▇t of Production at the time payment is due, plus [**] of Evan▇ ▇▇▇t of Production.

Related to GM Target

  • KPI Target means the acceptable performance level for a KPI as set out in relation to each KPI;

  • Soft Target means a target that will suffer minimum damage and cause minimum damage to the subject vehicle in the event of a collision.

  • Collaboration Target means the Initial Collaboration Targets set forth on Exhibit F and any Additional Target or Substitute Target that is selected in accordance with Section 3.3 of this Agreement.

  • Development Candidate means a Compound that meets the Development Candidate Criteria for the initiation of a Development Program for the treatment of CF, and which is the subject of a notice from Vertex to CFFT that Vertex intends to commence formal pre-clinical development of the Compound in the Field pursuant to the provisions of Section 3.1 hereof.

  • Acquisition Target means any Person becoming a Subsidiary of the Company after the date hereof; any Person that is merged into or consolidated with the Company or any Subsidiary of the Company after the date hereof; or any Person with respect to which all or a substantial part of that Person’s assets are acquired by the Company or any Subsidiary of the Company after the date hereof.